China-US Tariff/Footwear
Beijing, China - May 21, 2019 (CCTV - No access Chinese mainland)
1. Graphic of open letter signed by U.S. footwear companies to President Donald Trump against tariff hike on Chinese imports
FILE: China - Exact Location, Date Unknown (CGTN - No access Chinese mainland)
2. Pedestrians passing by Adidas store
3. Passenger taking elevator to Adidas store
4. Products for sale at Adidas store
FILE: Beijing, China - Sept 1, 2014 (CCTV - No access Chinese mainland)
5. Various of consumers choosing Adidas sportswear
FILE: Beijing, China - March 16, 2017 (CCTV - No access Chinese mainland)
6. Various of Nike logo on building
FILE: Shanghhai Municipality, east China - Feb 2019 (CGTN - No access Chinese mainland)
7. Various of Nike T-shirts, shoes for sale
8. Various of people exercising in gym, playing basketball, badminton
9. Various of people at mall
Leading U.S. footwear companies, including Nike, Adidas and Under Armour, on Monday sent an open letter to President Donald Trump, urging for removal of footwear from the penal tariffs list of Chinese imports.
Trump, on May 10, hiked tariffs on 200 billion U.S. dollars' worth of Chinese imports to 25 percent from 10 percent.
In all, 173 companies signed the open letter to the president, saying the additional tariff of 25 percent on footwear would be catastrophic for their consumers, companies and the American economy as a whole.
The Footwear Distributors and Retailers of America (FDRA) estimates the hike would add 7 billion U.S. dollars in additional costs for customers every year.
The letter was also sent to Treasury Secretary Steve Mnuchin, Commerce Secretary Wilbur Ross, Trade Representative Robert Lighthizer and National Economic Council director Larry Kudlow.
So far, the National Retail Federation, the Consumer Technology Association, the American Apparel and Footwear Association, and the American Soybean Association have issued their statements against the tariff hike on goods imported from China.
China-US Tariff/Footwear
Dateline : May 21, 2019/File
Location : United States
Duration : 1'10
Beijing, China - May 21, 2019 (CCTV - No access Chinese mainland)
1. Graphic of open letter signed by U.S. footwear companies to President Donald Trump against tariff hike on Chinese imports
FILE: China - Exact Location, Date Unknown (CGTN - No access Chinese mainland)
2. Pedestrians passing by Adidas store
3. Passenger taking elevator to Adidas store
4. Products for sale at Adidas store
FILE: Beijing, China - Sept 1, 2014 (CCTV - No access Chinese mainland)
5. Various of consumers choosing Adidas sportswear
FILE: Beijing, China - March 16, 2017 (CCTV - No access Chinese mainland)
6. Various of Nike logo on building
FILE: Shanghhai Municipality, east China - Feb 2019 (CGTN - No access Chinese mainland)
7. Various of Nike T-shirts, shoes for sale
8. Various of people exercising in gym, playing basketball, badminton
9. Various of people at mall
Leading U.S. footwear companies, including Nike, Adidas and Under Armour, on Monday sent an open letter to President Donald Trump, urging for removal of footwear from the penal tariffs list of Chinese imports.
Trump, on May 10, hiked tariffs on 200 billion U.S. dollars' worth of Chinese imports to 25 percent from 10 percent.
In all, 173 companies signed the open letter to the president, saying the additional tariff of 25 percent on footwear would be catastrophic for their consumers, companies and the American economy as a whole.
The Footwear Distributors and Retailers of America (FDRA) estimates the hike would add 7 billion U.S. dollars in additional costs for customers every year.
The letter was also sent to Treasury Secretary Steve Mnuchin, Commerce Secretary Wilbur Ross, Trade Representative Robert Lighthizer and National Economic Council director Larry Kudlow.
So far, the National Retail Federation, the Consumer Technology Association, the American Apparel and Footwear Association, and the American Soybean Association have issued their statements against the tariff hike on goods imported from China.
ID : 8111262
Published : 2019-05-21 15:10
Last Modified : 2019-05-21 20:08:00
Source : China Central Television (CCTV),China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
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